ABSTRACT
The title ofthis work is the effect of
inventory management methods on corporate performance of selected manufacturing
firms. The background ofthe study brings to limelight the fact that
manufacturing companies often shut down once in a while, not because of labour
unrest or government regulations but because management have failed to answer
some basic questions concerning inventory. The work set out an objective which
is to examine the effect ofinventory management on the corporate performance of
manufacturing companies in Nigeria so as to determine the method which tends to
serve manufacturing needs adequately. It was declared as statement ofthe
problem that Nigerian manufacturing companies lack adequate inventoiy control
methods. The study adopted a survey method of data collection using the
instrument of question to collect data from the primary source. The data
collected was analyzed and the hypotheses tested using regression model and
Pearson correlation coefficient. It was found out that LIFO, FIFO and JIT
methods are being applied in Nigeria by various companies, while some companies
make use of intuition to control inventories. It was recommended that the
manufacturing companies no matter how small should develop inventory control
methods suitable to the needs of the company and concluded by advising the
various companies to create more time in assessing the level of its inventory
so as to maximize profit, maintain goodwill of the firm and control a large
share ofthe market.
OJUKWU, E (2024). Effect of inventory management methods on corporate performance of selected manufacturing companies:- Ojukwu Anastasia E. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-ojukwu-anastasia-e-7-2
EBERE., OJUKWU. "Effect of inventory management methods on corporate performance of selected manufacturing companies:- Ojukwu Anastasia E" Mouau.afribary.org. Mouau.afribary.org, 12 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-ojukwu-anastasia-e-7-2. Accessed 30 Oct. 2024.
EBERE., OJUKWU. "Effect of inventory management methods on corporate performance of selected manufacturing companies:- Ojukwu Anastasia E". Mouau.afribary.org, Mouau.afribary.org, 12 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-ojukwu-anastasia-e-7-2 >.
EBERE., OJUKWU. "Effect of inventory management methods on corporate performance of selected manufacturing companies:- Ojukwu Anastasia E" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-ojukwu-anastasia-e-7-2